Hi Slayers.
It's called being heavily diluted with little reward to shareholders as very little cash is being raised IMOvia the AGM resolutions and rights issue.
For example, has anyone of you worked out how many shares are to be issued in total and how much cash will be rec'd by the compana for doing so. What will be the diluted market cap at 27c this Christmas, compared to todays figures. Once you work that out, you'll see what I mean.
Interesting.
- Forums
- ASX - By Stock
- SLA
- agm announcement
agm announcement, page-13
-
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SLA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online